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Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe thatliquid fundsare a better alternative with a somewhat similar risk-return payoff but better liquidity.

If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.

If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.

No tax is to be paid as long as you continue to hold the units.

Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

The Risk Measures have been calculated using calendar month returns for the last three years.

Highest grade ratings: Sovereign, AAA, A1+/P1+, AA+

: A-, BBB+, BBB, BBB-, BB+, A3 and lower

8.82% Tata Capital Financial Services 20/03/2020

8.50% National Bank Agr. Rur. Devp 31/01/2022

Indicates an increase or decrease or no change in holding since last portfolio

Indicates an increase or decrease or no change in holding since last portfolio

Experience:Prior to joining HDFC AMC he has worked with Reliance Mutual Fund, Reliance Capital Ltd., Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities.

HDFC Gold Exchange Traded Fund- since Oct 2015

HDFC Index Fund Nifty 50 Plan- since Oct 2015

HDFC Index Fund – Sensex Plan- since Oct 2015

HDFC Dual Advantage Fund Series III 1304D August 2016 – Regular Plan- since Aug 2016

HDFC Dual Advantage Fund Series III 1267D October 2016 – Regular Plan- since Oct 2016

HDFC Dual Advantage Fund Series III 1224D November 2016 – Regular Plan- since Nov 2016

HDFC Charity Fund For Cancer Cure – Arbitrage Plan – Regular Plan- since Mar 2017

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The scheme seeks to generate income through arbitrage opportunities and debt & money market instruments.

Dividend Declared in Two Funds of HDFC Mutual Fund

Dividend Declared in HDFC Arbitrage Wholesale Fund

HDFC Mutual Fund Declares Dividend in Two Funds

HDFC Arbitrage Wholesale Fund: Dividend Declaration

Address:HDFC House-2nd Floor, H.T. Parekh Marg – 165-166, Backbay Reclamation, Churchgate Mumbai – 400020

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address:7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002